Question
Julie paid a day care center to watch her two-year old son this year while she worked as a computer programmer for a local start-up
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Julie paid a day care center to watch her two-year old son this year while she worked as a computer programmer for a local start-up company. Julie paid $2,300 to the day care center and her AGI is $14,000 (all salary). What amount of child and dependent care credit can Julie claim?
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In 2020, Elaine paid $3,000 of tuition and $700 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. Elaines AGI is $168,000.What is the maximum American opportunity credit Elaine can claim for the tuition payment and books?
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In 2020, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI is $31,000, consisting of $26,000 of wages and $5,000 of lottery winnings (unearned income). What is their earned income credit if they file jointly?
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In 2020, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI is $31,000, consisting of $8,000 of wages and $23,000 of lottery winnings (unearned income). What is their earned income credit if they file jointly?
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